Open Banking

Learn about the Open Finance strategy adopted by financial institutions in Singapore from Nydia Remolina, technology and finance expert based in the country.

About Open Banking

Open Finance is an initiative that enables data-sharing of financial information among different institutions following the client’s consent and guarantee of respect for security standards. The goal is to stimulate competition and innovation in the financial industry, resulting in better consumer experience associated with more personalized products and lower prices. Explore the Open Finance universe here!
Open Banking’s progress around the world increases the number of products and provides better options for Brazilian small businesses.
Open Banking has reached more than 3 million end users in the United Kingdom. So far, the key benefits for both consumers and small businesses are improved financial management and access to alternative sources of credit. Payments will be under the spotlight in 2021.